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The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America's Best Large Employers in 2023.
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Posted Job TitleReal Estate Development AssociateJob Profile TitleAssociate Director D, FacilitiesJob Description SummaryThe Division of Facilities and Real Estate Services (FRES) provides the expertise, business process, policies and standards required to plan, design, construct, operate, maintain and renew the physical assets of the University, excluding the health system. In addition, the Division, comprised of approximately five Departments, is responsible for the strategic planning, management and operation of non-academic University property, and collaborating with the neighborhood to create a safe, diverse and economically vibrant destination. With close to 12M square feet of space, FRES maintains 186 buildings on a campus of 276 acres, completes over 60,000 maintenance requests per year, and starts approximately 250 projects a year. FRES is comprised of the following Departments: Administration, Office of the University Architect, Design and Construction, Real Estate, Operations and Maintenance.Job Responsibilities
Project Management: Assists the Development Director with analysis, management and coordination (between the development, construction and operations teams) of all projects and achieving milestones with projects. Assists with the preparation, management and coordination of internal and external deliverables for the formulation of development presentations and business plans for approval by Sr. Management.
Procurement: Drafting and managing RE Developer solicitation of interest and similar RFPs, compiling results and preparing presentations, analysis and recommendations.
Financial Planning: Coordinates due diligence and transactional documentation for analysis, acquisition and financing, including ensuring accuracy and consistency of documentation, and facilitating document/information flow for various committee presentations (i.e., RESC, FCP and other committees).
Reporting & Analysis: Assists in the preparation of regular reports (monthly or quarterly as appropriate to the specific projects) summarizing project progress, issues, pro forma, schedule, etc. to keep Sr. Management well informed
Network Development: Develops and maintains rapport and credibility with project team members, real estate consultants, City officials, et al to ensure effective implementation of projects.
Operations: Assist with the oversight of the Arts and Cultures program at the Rotunda on an as needed basis.
Other duties as assigned.
Qualifications
Bachelor's degree in any subject and at least 5-7 years of experience strongly preferred, or equivalent combination of education and experience. Advanced education/certification a plus.
Professional must have experience working in fast-paced environments, ability to understand complex legal documents, knowledge of real estate finance, public finance and/or project finance.
Prior experience in working on a full range of development responsibilities from project conceptualization/planning through site planning and zoning through construction management.
Strong organizational skills, presentation abilities and excellent verbal and written communication skills.
Proficient in MS Office software. Must have excellent interpersonal skills, team-oriented yet self-starting work style, ability to work independently and high ethical standards.
***For consideration, interested candidates should submit a resume and a cover letter expressing your interest in this position, is preferred.***
Job Location - City, StatePhiladelphia, PennsylvaniaDepartment / SchoolFacilities and Real Estate ServicesPay Range$61,046.00 - $98,000.00 Annual RateSalary offers are made based on the candidate's qualifications, experience, skills, and education as they directly relate to the requirements of the position, as well as internal and market factors and grade profile. Affirmative Action Statement
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